LARSEN & TOUBRO LTD.·INFRASTRUCTURE 41.91·Construction Companies

Price

4,049.3

+4.84%
O:3930
H:4059.8
L:3921
C:4049.3

52W Range

3288.14440
+23%/-9%

Market Cap

₹5,57,026.38 Cr

Traded: ₹1,224.39 Cr (0.22%) 0.0x

Free Float: ₹2,04,372.98 Cr (0.60% of FF traded)

Volume · 60D trend

30.66 L 0.0x

Delivery: % 0.0x

View Delivery Data

Returns

1W:+0% 1M:+3% 3M:+2% 6M:-0% 12M:+8%

Valuation

P/E34.6
P/B5.1
P/S1.9
EV/EBIT17.8

Business Strength

ROE16.6%
ROCE14.5%
OPM13.4%
NPM6.9%

Growth (3Y CAGR)

EPS+15.1%
Sales+18.0%
Profit+23.0%
3Y Return+22.0%

Balance Sheet

Debt/Equity1.3
Debt1,30,622 Cr
Pledge0.0%
CWIP/Fixed Asset7.2%

Cash Position

CFO/NP51.8%
FCF5,620 Cr
FCF 3Y Avg38,659 Cr
Cash/MCap4.0%

Others

Div Yield0.9%
Div Payout31.0%
Cash Conv. Cycle-101 days
Tradeable Free Float36.7%

MTF Exposure Trend

60 sessions · funded amount, % of FF, daily delta

Current
₹ 779.51 Cr
0.38% FF
60d high
₹ 874.81 Cr
60d low
₹ 441.12 Cr
60d mean
₹ 684.24 Cr
vs mean
▲ 13.92%

Growth Trends

Metric10Y5Y3Y1YTTMTrend
ROE
+14.0%
+14.0%
+14.0%
--
--
Stable
Sales
+11.0%
+12.0%
+18.0%
--
+12.0%
Stable
Profit
+14.0%
+10.0%
+23.0%
--
+23.0%
Stable
Return
+17.0%
+21.0%
+22.0%
+22.0%
--
Stable

Quarterly Results

Mar 2026

5 May
Rev
82.8K Cr
+11% YoY+16% QoQ
OPM13.0%
NPM7.4%
PAT
+2% YoY6.1K Cr
EPS
-3% YoY38.7

Dec 2025

28 Jan
Rev
71.5K Cr
+10% YoY+5% QoQ
OPM13.0%
NPM5.3%
PAT
+29% YoY3.8K Cr
EPS
-4% YoY23.4

Sep 2025

Rev
68.0K Cr
+10% YoY+7% QoQ
OPM13.0%
NPM6.9%
PAT
+16% YoY4.7K Cr
EPS
+16% YoY28.5

Jun 2025

Rev
63.7K Cr
+16% YoY-14% QoQ
OPM13.0%
NPM6.8%
PAT
+30% YoY4.3K Cr
EPS
+30% YoY26.3

Mar 2025

Rev
74.4K Cr
+11% YoY+15% QoQ
OPM13.0%
NPM8.3%
PAT
+19% YoY6.2K Cr
EPS
+25% YoY40.0

Dec 2024

Rev
64.7K Cr
+17% YoY+5% QoQ
OPM12.0%
NPM6.2%
PAT
+14% YoY4.0K Cr
EPS
+14% YoY24.4

Sep 2024

Rev
61.6K Cr
+21% YoY+12% QoQ
OPM13.0%
NPM6.7%
PAT
+5% YoY4.1K Cr
EPS
+5% YoY24.7

Jun 2024

Rev
55.1K Cr
+15% YoY-18% QoQ
OPM13.0%
NPM6.3%
PAT
+12% YoY3.4K Cr
EPS
+14% YoY20.3

Mar 2024

Rev
67.1K Cr
+15% YoY+22% QoQ
OPM13.0%
NPM7.5%
PAT
+9% YoY5.0K Cr
EPS
+13% YoY32.0

Dec 2023

Rev
55.1K Cr
+19% YoY+8% QoQ
OPM13.0%
NPM6.5%
PAT
+19% YoY3.6K Cr
EPS
+18% YoY21.4

Sep 2023

Rev
51.0K Cr
--+7% QoQ
OPM14.0%
NPM7.5%
PAT
+45% YoY3.8K Cr
EPS
--23.4

Jun 2023

Rev
47.9K Cr
---18% QoQ
OPM13.0%
NPM6.5%
PAT
+46% YoY3.1K Cr
EPS
--17.7

Mar 2023

Rev
58.3K Cr
--+26% QoQ
OPM14.0%
NPM7.6%
PAT
+10% YoY4.5K Cr
EPS
--28.4

Dec 2022

Rev
46.4K Cr
----
OPM14.0%
NPM6.6%
PAT
+21% YoY3.1K Cr
EPS
--18.2

Revenue & Margin Trends

Annual

Quarterly

Balance Sheet Health

Leverage

Debt / Equity1.32
Interest Coverage4.2x
Promoter Pledge0.0%
Borrowings134.0K Cr

Efficiency

Receivable Days77 days
Inventory Days30 days
Payable Days208 days
Cash Conversion cycle-101 days

Cash Position

Operating Cash Flow9.2K Cr
Investing Cash Flow-15.5K Cr
Financing Cash Flow6.6K Cr
Free Cash Flow5.6K Cr

Detailed Financials

Mar 2026
Dec 2025
Sep 2025
Jun 2025
Mar 2025
Dec 2024
Sep 2024
Jun 2024
Mar 2024
Dec 2023
Sep 2023
Jun 2023
Mar 2023
Dec 2022
Sales82,76271,45067,98463,67974,39264,66861,55555,12067,07955,12851,02447,88258,33546,390
Expenses72,34362,25959,47055,65564,51656,77053,63848,07458,42647,92943,98441,56649,98139,736
Operating Profit10,4199,1908,5138,0249,8767,8987,9177,0468,6537,1997,0406,3168,3546,653
OPM %13.0%13.0%13.0%13.0%13.0%12.0%13.0%13.0%13.0%13.0%14.0%13.0%14.0%14.0%
Other Income1,647971,3841,3571,6109681,1019211,1358381,1331,146741891
Interest2,4882,3992,4702,4882,4192,4862,4392,2922,3452,3442,2722,2992,3342,383
Depreciation1,1681,0721,0921,0331,0521,0471,0249981,021921910830854825
Profit Before Tax8,4105,8176,3365,8608,0145,3335,5554,6776,4224,7724,9914,3325,9074,336
Tax %25.0%34.0%26.0%26.0%23.0%25.0%26.0%26.0%22.0%25.0%23.0%28.0%25.0%29.0%
Net Profit6,1333,8254,6784,3186,1563,9744,0993,4455,0133,5933,8463,0964,4593,058
Exceptional Items69-1,34400475000940000136
EPS (Rs)38.723.428.526.340.024.424.720.332.021.423.417.728.418.2
Sales Growth (YoY)11.3%10.5%10.4%15.5%10.9%17.3%20.6%15.1%15.0%18.8%--------
Sales Growth (QoQ)15.8%5.1%6.8%-14.4%15.0%5.1%11.7%-17.8%21.7%8.0%6.6%-17.9%25.8%--
OP Growth (YoY)5.5%16.4%7.5%13.9%14.1%9.7%12.5%11.6%3.6%8.2%--------
OP Growth (QoQ)13.4%8.0%6.1%-18.8%25.0%-0.2%12.4%-18.6%20.2%2.3%11.5%-24.4%25.6%--
Profit Growth (YoY)2.0%29.0%16.0%30.0%19.0%14.0%5.0%12.0%9.0%19.0%45.0%46.0%10.0%21.0%
EPS Growth (YoY)-3.1%-4.3%15.6%29.8%25.0%13.9%5.3%14.2%12.7%18.0%--------
EPS Growth (QoQ)65.6%-18.1%8.5%-34.2%63.6%-1.1%21.9%-36.6%49.2%-8.6%32.2%-37.5%56.1%--
OP Margin12.6%12.9%12.5%12.6%13.3%12.2%12.9%12.8%12.9%13.1%13.8%13.2%14.3%14.3%
Net Margin7.4%5.3%6.9%6.8%8.3%6.2%6.7%6.3%7.5%6.5%7.5%6.5%7.6%6.6%
Material Cost %33.7%33.3%34.9%31.9%38.2%35.3%37.5%32.4%38.6%32.7%33.0%32.4%37.3%31.8%
Employee Cost %16.6%17.9%19.1%19.9%16.6%18.4%18.6%20.0%16.0%18.6%20.2%20.6%17.1%20.6%
P/S1.952.03------------------------
P/E34.6334.70------------------------
P/B5.105.56------------------------

Shareholding Pattern

Shareholders:16.3L (+14.4%)
Current MixDec 2025

Exchange Filings

50
Company Update06 Jun 2026

Newspaper Publication of Chairman''s Address to shareholders-81st Annual General Meeting of the Company for FY 2025-26 held on Friday, 5th June 2026

Company Update06 Jun 2026

Intimation to Stock Exchanges regarding publication of IEPF Notice in Newspapers

AGM/EGM05 Jun 2026

Summary of proceedings, Voting Results and Scrutinizer Report of 81st Annual General Meeting of the Company for FY 2025-26 held on Friday, June 5, 2026

AGM/EGM05 Jun 2026

Summary of Proceedings, Voting Results and Scrutinizer Report of 81st Annual General Meeting of the Company for FY 2025-26 held on Friday, June 5, 2026

Company Update30 May 2026

ESG Credit Rating

Company Update28 May 2026

Schedule of Analyst / Institutional Investors'' Meet

Company Update26 May 2026

Cessation of Independent Director

Company Update26 May 2026

L&T Wins Orders (Significant*) for GeoStructure Business

Company Update25 May 2026

Change in Senior Management

Company Update24 May 2026

Cessation of Independent Director

Company Update15 May 2026

Allotment of Shares

Company Update15 May 2026

Intimation to Stock Exchanges regarding publication of Notice related to AGM, Dividend and other related matters after sending Annual Report to shareholders

Others14 May 2026

Business Responsibility and Sustainability Reporting (BRSR)

Company Update14 May 2026

Notice of 81st Annual General Meeting (AGM)

Others14 May 2026

Integrated Annual Report for the Financial Year 2025-26 and Notice of 81st Annual General Meeting (AGM)

Company Update14 May 2026

L&T Partners France-based Exail for Indian Navy''s Unmanned Mine Counter Measure Suite

Company Update13 May 2026

Intimation to Stock Exchanges regarding publication of Notice related to AGM, Final Dividend and other related matters

Company Update13 May 2026

L&T Wins Orders (Significant*) for Power Transmission & Distribution Business

Company Update11 May 2026

Transcript of Q4/ FY26 Earnings Call

Company Update08 May 2026

L&T Strengthens its Coal-to-Chemicals EPC Leadership with Significant* Order from BCGCL

Company Update07 May 2026

L&T Buildings & Factories Business Wins Orders (Large*)

Company Update07 May 2026

Submission of Annual Secretarial Compliance Report for year ended March 31, 2026

Company Update06 May 2026

L&T wins (Mega*) Order for Minerals & Metals Business

Company Update06 May 2026

Intimation to Stock Exchanges regarding publication of Financial Results in Newspapers

Company Update06 May 2026

Schedule of Analyst / Institutional Investors'' Meet

Company Update05 May 2026

L&T Secures (Large*) Order to Reinforce India''s Energy Security Through Coal Gasification

Company Update05 May 2026

Allotment of Shares

Board Meeting05 May 2026

Outcome of Board Meeting of Larsen & Toubro Limited ('the Company') held on May 5, 2026

AGM/EGM05 May 2026

Outcome of Board Meeting of Larsen & Toubro Limited held on May 5, 2026

Corp. Action05 May 2026

Outcome of Board Meeting of Larsen & Toubro Limited held on May 5, 2026

Company Update05 May 2026

Outcome of Board Meeting of Larsen & Toubro Limited held on May 5, 2026

Result05 May 2026

Outcome of Board Meeting of Larsen & Toubro Limited held on May 5,2026

Company Update05 May 2026

Outcome of Board Meeting of Larsen & Toubro Limited held on May 5, 2026

Company Update05 May 2026

Analyst Presentation - Q4/FY26

Company Update05 May 2026

Disclosure under Regulation 30(5) of the SEBI LODR Regulations, 2015

Company Update05 May 2026

Audio recording of Q4 / FY26 Earnings Call

Company Update01 May 2026

Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR) - ESG Rating

Company Update30 Apr 2026

L&T Divests 100% Stake in L&T Metro Rail (Hyderabad) Limited

Company Update29 Apr 2026

Disposal of stake held by the Company in L&T Metro Rail (Hyderabad) Limited

Others28 Apr 2026

Certificate under Regulation 57 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Company Update28 Apr 2026

Schedule of Analyst / Institutional Investors'' Meet

Company Update27 Apr 2026

L&T Realty Expands Development Portfolio with NCR Land Acquisition

Company Update24 Apr 2026

L&T Enters Industrial Electronics Segment

Company Update23 Apr 2026

Incorporation of a wholly owned subsidiary

Company Update23 Apr 2026

L&T Wins Orders (Significant*) for Buildings & Factories Business

Others23 Apr 2026

Certificate under Regulation 57 of SEBI LODR Regulations, 2015

Company Update22 Apr 2026

L&T Energy GreenTech Enters Green Ammonia Partnership with Japan''s ITOCHU

Board Meeting21 Apr 2026

Larsen & Toubro Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/05/2026 ,inter alia, to consider and approve Audited Financial results for ....

Company Update14 Apr 2026

Completion of Acquisition of stake in International Green Scapes Limited by L&T Realty Properties Limited (L&T RPL), Wholly Owned Subsidiary

Company Update10 Apr 2026

Acquistion of stake in International Green scapes Limited by L&T Realty Properties Limited (L&T RPL), Wholly Owned Subsidiary of the Company

Annual Reports

15

2025

2024

2023

2022

2021

2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

Credit Ratings

6
fitchRating update
10 Dec 2025Report
crisilRating update
08 Oct 2025Report
icraRating update
07 Oct 2025Report
crisilRating update
01 Jul 2025Report
icraRating update
29 May 2025Report
crisilRating update
16 May 2025Report

Concalls

64

Jan 2026

31 Jan 2026

Oct 2025

31 Oct 2025

Jul 2025

31 Jul 2025

May 2025

31 May 2025

Jan 2025

31 Jan 2025

Oct 2024

31 Oct 2024

Jul 2024

31 Jul 2024

May 2024

31 May 2024

May 2024

31 May 2024

Jan 2024

31 Jan 2024

Oct 2023

31 Oct 2023

Jul 2023

31 Jul 2023

May 2023

31 May 2023

Jan 2023

31 Jan 2023

Nov 2022

30 Nov 2022

Jul 2022

31 Jul 2022

May 2022

31 May 2022

Jan 2022

31 Jan 2022

Oct 2021

31 Oct 2021

Sep 2021

30 Sept 2021

Jul 2021

31 Jul 2021

May 2021

31 May 2021

Feb 2021

28 Feb 2021

Jan 2021

31 Jan 2021

Nov 2020

30 Nov 2020

Nov 2020

30 Nov 2020

Oct 2020

31 Oct 2020

Jul 2020

31 Jul 2020

Jul 2020

31 Jul 2020

Jun 2020

30 Jun 2020

Jun 2020

30 Jun 2020

Jan 2020

31 Jan 2020

Jan 2020

31 Jan 2020

Jan 2020

31 Jan 2020

Oct 2019

31 Oct 2019

Oct 2019

31 Oct 2019

Jul 2019

31 Jul 2019

Jul 2019

31 Jul 2019

May 2019

31 May 2019

May 2019

31 May 2019

Mar 2019

31 Mar 2019

Jan 2019

31 Jan 2019

Jan 2019

31 Jan 2019

Nov 2018

30 Nov 2018

Oct 2018

31 Oct 2018

Aug 2018

31 Aug 2018

May 2018

31 May 2018

Jan 2018

31 Jan 2018

Nov 2017

30 Nov 2017

Nov 2017

30 Nov 2017

Aug 2017

31 Aug 2017

Jul 2017

31 Jul 2017

May 2017

31 May 2017

May 2017

31 May 2017

Feb 2017

28 Feb 2017

Jan 2017

31 Jan 2017

Nov 2016

30 Nov 2016

Nov 2016

30 Nov 2016

Aug 2016

31 Aug 2016

Jun 2016

30 Jun 2016

May 2016

31 May 2016

May 2016

31 May 2016

Jan 2016

31 Jan 2016

Nov 2013

30 Nov 2013

Held by ETFs

71 ETFs hold LT · sorted by weight

#ETFWeight %
1

ICICIB22

ICICIPRAMC - BHARATIWIN

15.35%
2

TOP10ADD

DSPAMC - TOP10ADD

11.48%
3

TOP15IETF

ICICIPRAMC - TOP15IETF

7.62%
4

INFRABEES

NIP IND ETF INFRA BEES

12.91%
5

MOINFRA

MOTILALAMC - MOINFRA

9.87%
6

TOP20

MIRAEAMC - TOP20

5.73%
7

INFRAIETF

ICICIPRAMC - ICICIINFRA

12.93%
8

AXSENSEX

AXISAMC - AXSENSEX

5.38%
9

SENSEXBEES

NIPPON INDIA ETF SENSEX

5.38%
10

SBISENSEX

SBI MUTUAL FUND - SBI ETF SENS

5.38%
11

SENSEXBETA

UTIAMC-SENSEXBETA

5.38%
12

IDFSENSEXE

BANDHAN MUTUAL FUND

5.40%
13

LICNETFSEN

LICNAMC - LICNFESGP

5.38%
14

ESENSEX

EDELAMC - ESENSEX

5.38%
15

SENSEX1

KOTAK MAHINDRA MUTUAL FUND

5.38%
16

SENSEXIETF

ICICI PRUD SENSEX ETF

5.38%
17

HDFCSENSEX

HDFCAMC - HDFCSENSEX

5.38%
18

SENSEXETF

MIRAEAMC - SENSEXETF

5.38%
19

SENSEXADD

DSPAMC - DSPSENXETF

5.37%
20

INFRA

MIRAEAMC - INFRA

5.11%
21

BSLSENETFG

BIRLASLAMC - BSLSENETFG

5.38%
22

DEFENCE

MIRAEAMC - DEFENCE

4.75%
23

HDFCNIFTY

HDFCAMC - HDFCNIFTY

4.43%
24

AXISNIFTY

AXISAMC - AXISNIFTY

4.43%
25

SETFNIF50

SBI-ETF NIFTY 50

4.43%
26

NIFTYIETF

ICICI PRUD NIFTY ETF

4.43%
27

NIFTYETF

MIRAEAMC - MAN50ETF

4.43%
28

MOM50

MOTILAL OSWAL M50 ETF

4.42%
29

BSLNIFTY

ADITYBIRLA SL NIF ETF-GR

4.43%
30

IVZINNIFTY

INVESCO INDIA NIFTY ETF

4.42%
31

NIFTYADD

DSPAMC - DSPNIFTY

4.42%
32

NIFTYBETA

UTIAMC-NIFTYBETA

4.42%
33

ENIFTY

EDELAMC - ENIFTY

4.42%
34

NETF

TATAAML - NETF

4.42%
35

NIFTYBEES

NIP IND ETF NIFTY BEES

4.42%
36

QNIFTY

QUANTUM NIFTY 50 ETF

4.42%
37

LICNETFN50

LICNAMC - LICNFENGP

4.42%
38

IDFNIFTYET

BANDHANAMC - IDFNIFTYET

4.42%
39

NIFTYBETF

BFAM - NIFTYBETF

4.28%
40

AONENIFTY

AONEAMC - AONENIFTY

4.28%
41

GROWWNIFTY

GROWWAMC - GROWWNIFTY

4.27%
42

NIFTYCASE

ZERODHAAMC - NIFTYCASE

4.28%
43

LOWVOL1

KOTAKMAMC - KOTAKLOVOL

3.66%
44

LOWVOL

MIRAEAMC - MANV30F

3.66%
45

NIFTY1

KOTAK NIFTY ETF

4.43%
46

HDFCLOWVOL

HDFCAMC - HDFCLOWVOL

3.66%
47

LOWVOLIETF

ICICI PR NIF LW VL 30 ETF

3.66%
48

LICNFNHGP

LICNAMC - LICNFNHGP

3.59%
49

NIF100BEES

NIP IND ETF NIFTY 100

3.59%
50

HDFCNIF100

HDFCAMC - HDFCNIF100

3.59%
51

MONIFTY100

MOTILALAMC - MONIFTY100

3.59%
52

NIF100IETF

ICICI PRUD NIFTY 100 ETF

3.59%
53

SETFBSE100

SBI MUTUAL FUND

3.55%
54

TOP100CASE

ZERODHAAMC - TOP100CASE

3.50%
55

MOLOWVOL

MOTILALAMC - MOLOWVOL

3.42%
56

GROWWN200

GROWWAMC - GROWWN200

2.82%
57

HDFCBSE500

HDFCAMC - HDFCBSE500

2.53%
58

BSE500IETF

ICICIPRAMC - ICICI500

2.53%
59

MONIFTY500

MOTILALAMC - MONIFTY500

2.47%
60

AONETOTAL

AONEAMC - AONETOTAL

2.33%
61

EQUAL50ADD

DSPAMC - DSPNEWETF

2.15%
62

EQUAL50

MIRAEAMC - EQUAL50

2.15%
63

MON50EQUAL

MOTILALAMC - MON50EQUAL

2.15%
64

ABSLMSCIN

BIRLASLAMC - ABSLMSCIN

2.14%
65

MSCIADD

DSPAMC - MSCIADD

2.13%
66

SBINEQWETF

SBIAMC - SBINEQWETF

2.15%
67

ELM250

EDELAMC - ELM250

1.73%
68

MSCIINDIA

KOTAKMAMC - MSCIINDIA

2.13%
69

NIFTY100EW

KOTAKMAMC - NIFTY100EW

1.03%
70

EQUAL200

MIRAEAMC - EQUAL200

0.50%
71

MULTICAP

MIRAEAMC - MULTICAP

1.78%

Held by Mutual Funds

18 schemes hold LT · sorted by weight

#SchemeWeight %
1

Groww Large Cap Fund

Groww Mutual Fund

8.17%
2

ICICI Prudential Infrastructure Direct-Growth

ICICI Prudential Mutual Fund

7.27%
3

Canara Robeco Large Cap Fund

Canara Robeco Mutual Fund

4.23%
4

Quant Infrastructure Fund

Quant Mutual Fund

4.01%
5

HDFC Flexi Cap Direct Plan-Growth

HDFC Mutual Fund

3.35%
6

Groww Multicap Fund

Groww Mutual Fund

3.53%
7

Groww ELSS Tax Saver Fund

Groww Mutual Fund

3.28%
8

Groww Value Fund

Groww Mutual Fund

4.15%
9

ICICI Prudential India Opportunities Fund

ICICI Prudential Mutual Fund

3.22%
10

JM Flexicap Fund

JM Financial Mutual Fund

2.47%
11

Groww Nifty Total Market Index Fund

Groww Mutual Fund

2.34%
12

HDFC Balanced Advantage Fund

HDFC Mutual Fund

2.51%
13

Groww Aggressive Hybrid Fund

Groww Mutual Fund

2.32%
14

Quant Multi Asset Allocation Fund

Quant Mutual Fund

1.97%
15

Mirae Asset ELSS Tax Saver Fund

Mirae Asset Mutual Fund

2.02%
16

Kotak Multicap Fund

Kotak Mahindra Mutual Fund

1.78%
17

SBI Contra Direct Plan-Growth

SBI Mutual Fund

0.85%
18

UTI Nifty 50 Index Fund

UTI Mutual Fund

4.29%